Firefly Aerospace (NASDAQ:FLY) Shares Gap Up Following Strong Earnings

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $22.96, but opened at $25.55. Firefly Aerospace shares last traded at $23.5190, with a volume of 4,685,490 shares changing hands.

The company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.10. The business had revenue of $57.67 million for the quarter. The firm’s revenue for the quarter was up 541.1% compared to the same quarter last year.

Firefly Aerospace News Roundup

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Company set a 2026 revenue target of $420M–$450M as it scales lunar (Blue Ghost) and defense programs — this raises 2026 top-line expectations and frames 2026 as a growth year for FLY. Firefly Aerospace outlines $420M–$450M 2026 revenue target
• Positive Sentiment: Q4 2025 results beat consensus: EPS loss narrowed to ($0.38) vs. ($0.48) expected and revenue jumped to $57.7M (annual revenue up 163% YoY). The print and slide deck highlight strong commercial and government demand. Firefly Aerospace Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Blue Ghost lunar lander won the 2025 Collier Trophy — a reputational win that boosts credibility with customers, partners and institutional investors focused on lunar program market share. Firefly Aerospace’s Blue Ghost Mission 1 wins 2025 Collier Trophy
• Positive Sentiment: Operational momentum: Alpha returned to flight in March and Firefly announced new national-security SciTec contracts — both support the company’s ability to convert launches and contracts into the revenue growth the company is guiding. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Market reaction was mixed across outlets — some coverage highlighted a strong beat and outlook (Investing.com, MarketWatch, CNBC after-hours movers), which has driven intraday volatility in FLY. Firefly Aerospace leaps 7% on Q4 beat, strong 2026 outlook
• Negative Sentiment: Company remains unprofitable (negative EPS and negative P/E), so valuation is tied to execution against the new guidance; any execution miss or launch slip could pressure the stock. Firefly Aerospace Shares Gain as 4Q Loss Narrows, Revenue Jumps

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FLY. The Goldman Sachs Group raised their price target on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. KeyCorp assumed coverage on Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Firefly Aerospace presently has an average rating of “Moderate Buy” and an average price target of $38.88.

Institutional Investors Weigh In On Firefly Aerospace

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new position in shares of Firefly Aerospace during the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace in the third quarter worth $26,000. California State Teachers Retirement System purchased a new position in Firefly Aerospace during the 4th quarter valued at $30,000. NBC Securities Inc. purchased a new position in Firefly Aerospace during the 4th quarter valued at $38,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Firefly Aerospace in the 4th quarter worth about $38,000.

Firefly Aerospace Stock Performance

The company’s 50-day moving average price is $24.11 and its 200 day moving average price is $26.49. The stock has a market capitalization of $3.64 billion and a PE ratio of -3.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.